Australia's Westpac posts more than 5% rise in third-quarter profit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 13 2025
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Should l Buy ?
Source: Reuters
Westpac Banking Corp Profit Increase: Westpac reported a more than 5% rise in third-quarter profit, driven by higher margins and increased lending and deposits, with cash earnings reaching A$1.9 billion compared to A$1.8 billion the previous year.
Impact of Interest Rates: The bank's growth was supported by favorable interest rates, as the Reserve Bank of Australia reduced its key cash rate by 75 basis points this year, leading to a surge in home and business lending volumes.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
